We explore how communication, gender, and risk aversion influence decision-making in sustainability within family businesses. Using game theory, we model a sustainability decision-making-focused game, wherein we frame adopting sustainable practices considering the alignment between founder engagement and the successor’s proactive approach. We then use experimental economics to assess the robustness of the theor...
In an ever-changing landscape, family businesses, characterized by their unique blend of tradition, familial bonds, and entrepreneurial spirit, stand as bastions of resilience and continuity, playing a pivotal role in economic growth and societal development. Indeed, family businesses account for 80 percent of all business enterprises worldwide, making them the prevalent form of conducting business. As these en...
The 2030 Agenda for Sustainable Development seeks to promote social inclusion, environmentally responsible behavior, and economic growth at the horizon of 2030. [...]